SEC Form 4 · accession 0001203311-18-000026
SEATTLE GENETICS INC /WA · SGEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren S Cline
Officer — EVP, Commercial
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 7:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001060736
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 9, 2018 | M | 7,000 | $16.41 | A | 78,831 | D | |
| Common StockF1 | May 9, 2018 | M | 2,000 | $15.46 | A | 80,831 | D | |
| Common StockF2,F1 | May 9, 2018 | S | 9,000 | $55.3314 | D | 71,831 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $15.46 | May 9, 2018 | M | 2,000 | D | — | Aug 24, 2021 | Common Stock | 2,000 | 268 | D |
| Non-Qualified Stock Option (right to buy)F4 | $16.41 | May 9, 2018 | M | 7,000 | D | — | Oct 29, 2020 | Common Stock | 7,000 | 892 | D |
Explanation of responses
- F1Amount of securities beneficially owned following reported transactions includes restricted stock units subject to vesting and 54 shares acquired under the Amended and Restated 2000 Employee Stock Purchase Plan on January 31, 2018.
- F2Reflects sales of ordinary shares executed in multiple transactions at prices ranging from $55.33 to $55.38. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
- F3Shares vested at a rate of 25% on 8/24/2012 and monthly thereafter until all the shares were fully vested on 8/24/2015.
- F4Shares vested at a rate of 25% on 10/29/2011 and monthly thereafter until all the shares were fully vested on 10/29/2014.